Notwithstanding persistently-high unemployment following the Great Recession, inflation in the United States has been … remarkably stable. We find that a traditional Phillips curve describes the behavior of inflation reasonably well since the 1960s … observed stability of inflation: inflation expectations have become better anchored and to a lower level; the slope of the …

in Sierra Leone. As economic theory predicts, domestic inflation is found to increase with higher oil prices, higher …This paper examines the determinants of inflation in Sierra Leone using a structural vector autoregression (VAR …) approach to help forecast inflation for operational purposes. Despite data limitations, the paper accurately models inflation …

We compare the performance of a currency board, inflation targeting, and dollarization in a small, open developing …

factors argued to explain the differences in the trends in core inflation and relative prices in the United Kingdom, the Euro …

's experience with 'inflation targeting lite' as described in Stone (2003). It finds that this monetary policy regime has been … associated with a general reduction in inflation, principally through a reduction in inflation expectations. The credibility the … Bank of Mauritius has established with its 'inflation targeting lite' regime has allowed it to shift from an emphasis on …

This paper investigates the degree of inflation inertia in Egypt and its determinants using the cross country data … consisting of over 100 countries. Medium-unbiased estimator of inflation inertia in Egypt is high compared to other countries, as …-cyclical macroeconomic policy and fiscal consolidation are a key to reduce inflation inertia and the costs of disinflation. …

We develop a semi-structural new-Keynesian open-economy model, with separate food and non-food inflation dynamics, for …-relevant exercises. First, we filter international and Kenyan data (on output, inflation and its components, exchange rates and interest … inflation. Third, we perform an out-of-sample forecast to identify where the economy—and therefore policy—was likely headed …

This Selected Issues paper on the Russian Federation underlies inflation persistence and evolution in response to … structural shocks. Inflation in Russia has been characterized by a considerable degree of persistence. An explicit inflation … inflation. Allowing more nominal appreciation would help to keep inflation on a downward path and better anchor inflation …

model embodies the key principle that, in an inflation-targeting framework, the role of monetary policy is to provide an … anchor for inflation and inflation expectations. The development and calibration of this model is an ongoing process. …